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Zcash falls below $450 as major trader doubles $14.9M short bet amid bearish futures.

Market News
06 Jul 2026
AMBCrypto
View Source
Bearish
pluang ai news

Zcash (ZEC) price dropped below $450, hitting $437 after a 1.74% daily decline. Major crypto trader Garret Jin doubled his short position on ZEC to 32,759.57 coins, worth about $14.9 million, signaling strong bearish sentiment. Futures data shows significant outflows, indicating many traders are closing positions amid fears of further losses. Technical indicators like RSI and MACD suggest sellers control the market, with potential for ZEC to fall to $410 or lower unless a short-term rebound occurs.

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